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The bid is the price that the buyers are willing to pay.

The ask is the price that the sellers are willing to pay.

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Q: What is bid and ask in foreign exchange?
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Do all banks exchange foreign money?

yes all banks do. contact your bank and ask them they will probably tell you that they do exchange foreign money if you are planning on doing that then tell your bank and exchange some foregn money:)


What do you mean by foreign exchange?

Foreign Exchange is Exchange between two currency.


What is foreign exchange operation?

The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations includeforeign exchange interventions;operations such as the sale of foreign currency interest income and so-called commercial transactions.


Can you still exchange a foreign currency that is uncirculated?

we can exchange foreign currency of leats of banks


What is bid or ask in the stock market?

It's a term used in most capital markets, so once you learn it in one you will know it in all. The "Bid" is what someone is willing to pay for a security, stock, bond or commodity. The "Ask" is the offer, or what someone is willing to sell at. So for example, let's assume we are oil traders in the pit at the New York Mercantile Exchange (Where Energies are traded.) I might yell, "105 FOR June!" That is my "Bid." This means I am looking to pay 105 per barrel for a 1,000 barrel contract of oil (delivered in June - but that's a whole other story.) You might yell back, "June AT $106!" which is the offer or ask. The difference between the Bid and the Ask is known as "The Spread" BUY - Bid or FOR Sell - At or ASK Now here's where it gets fun . . . Sometimes a client, trader or clerk will ask for a "BID-ASK." A "Bid-Ask" means, "Tell me what I can buy and sell at right now. Not saying what I'm doing yet, just give me the prices."

Related questions

How much will you get for foreign money?

Depends on the current foreign exchange rate. Ask your bank.


What is a indirect bidder in a treasury auction?

An indirect bid, or IB, which is a bid of significant size that does not go through the primary dealer community. Treasury traders view this bid as demand from central banks, which accumulate dollars during periods of intervention in the foreign-exchange markets.


Do all banks exchange foreign money?

yes all banks do. contact your bank and ask them they will probably tell you that they do exchange foreign money if you are planning on doing that then tell your bank and exchange some foregn money:)


Which foreign exchange system has the highest foreign exchange rate?

The Zimbabwean has the highest foreign exchange rate.


What do you mean by foreign exchange?

Foreign Exchange is Exchange between two currency.


Where is a foreign exchange broker?

Your nearest foreign exchange trader can be found using a local phonebook or searching for one in your area online. You could also ask acquaintances in your area if they have any recommendations in this regard.


What are foreign exchange rates?

Foreign exchange rates are currency exchange value of other countries.


What do bid and ask mean in currency conversion?

The bid and ask are the best prices offered by the buyers and sellers.


Where is the foreign exchange in London?

The foreign exchange in London is located at a variety of places throughout the city. The London Foreign Exchange under the Bank of England, International Currency Exchange and Holborn Currency Exchange are all places a traveler can visit for their foreign exchange needs in London.


What is foreign exchange operation?

The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations includeforeign exchange interventions;operations such as the sale of foreign currency interest income and so-called commercial transactions.


What has the author I H Kilato written?

I. H. Kilato has written: 'Foreign exchange management' -- subject(s): Foreign exchange administration, Foreign exchange reserves


Can you still exchange foreign currency that is uncirculated?

we can exchange foreign currency of leats of banks